Albert owns 100 acres of land on which he grows spruce trees. His adjusted basis for the land is $105,600. He receives condemnation proceeds of $10,560 when the city's new beltway takes 5 acres along the eastern boundary of his property. He also receives a severance award of $6,336 associated with the possible harmful effects of exhaust fumes on his trees. Albert invests the $16,896 in a growth mutual fund. a. Determine the tax consequences to Albert of the condemnation proceeds.